When you purchase a home with an FHA loan, you’ll have a few key costs. First, as with most home loans, you’ll have to make a down payment.Down payment requirementsfor an FHA loan depend on your credit score. Borrowers with credit scores of 500 to 579 are required to put down at...
” says Richie Helali, a HomeLight mortgage specialist. “But FHA guidelines are a little more relaxed. If somebody’s credit isn’t strong enough, they may not qualify for another loan. But there’s a chance they’ll qualify for an FHA loan.”...